by Sam Pizzigati | May 17, 2011 | Blog
America's super rich, new IRS income data show, partied on right through the depth of the Great Recession. And they shared precious little of their good fortune with Uncle Sam. In 2008, the IRS revealed last week, 400 Americans reported at least $110 million in income...
by Dave Johnson | May 17, 2011 | Blog
When we hear about the deficits we hear a lot of scare stories, which most "serious" media just echo and amplify. The prevailing "serious" narrative we hear is that we must cut entitlements -- any “serious” budget proposal cuts Medicare and Social Security. Even...
by Richard Eskow | May 16, 2011 | Blog, Financial Reform
In a piece called "Wall Street: Not Guilty," financial columnist Roger Lowenstein attempts to defend Wall Street against allegations that it's a viper's nest of rampant criminality. His mischaracterization, mockery, and vague suggestions of McCarthyism are strident,...
by Bill Scher | May 16, 2011 | Blog
The President's health reform law has mostly been considered a political liability for him and his party, especially since it failed to keep Congress in control of the Democrats. But the events of the past few days suggests Republicans are experiencing an internal...
by Dave Johnson | May 15, 2011 | Blog, Economy
You hear it again and again, variation after variation on a core message: if you tax rich people it kills jobs. You hear about "job-killing tax hikes," or that "taxing the rich hurts jobs," "taxes kill jobs," "taxes take money out of the economy, "if you tax the rich...
